World Bank snubs Kenya emergency loan request
Nairobi, June 15 -- Kenya will miss out on emergency financing from the World Bank sought to cushion the economy from the fallout of the Middle East conflict, with the lender instead set to consider Nairobi's earlier request for a $750 million (Sh97.1 billion) loan.
The size of the emergency funding request was not disclosed, but it is understood to have been similar to the planned loan facility.
During the World Bank and International Monetary Fund Spring Meetings in Washington DC in April, Kenya sought emergency financing to bolster its external buffers after foreign exchange reserves fell by $1.2 billion between March 5 and April 9, 2026.
Read: Kenya eyes quick World Bank cash by June to cushion Iran war shocks
Disclosures by the W...
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